Edwin Gould Foundation For Children
Edwin Gould Foundation For Children shows improved financial health in 2023 with significant revenue growth and zero reported officer compensation.
EIN: 135675642 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.7M |
| Total Expenses | $3.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $34 |
| Net Assets | $35.3M |
| Transparency Score | 85/100 |
Is Edwin Gould Foundation For Children Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edwin Gould Foundation For Children directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edwin Gould Foundation For Children
Edwin Gould Foundation For Children (EIN: 135675642) is a nonprofit organization based in New York, NY. The organization reported total revenue of $14.7M and total assets of $34.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edwin Gould Foundation For Children's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edwin Gould Foundation For Children is a large nonprofit that has been operating for 92 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $35.9M |
| Total Liabilities | $605K |
| Net Assets | $35.3M |
| Operating Margin | 42.7% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 123.2 months |
Financial Health Grade: A
In 2023, Edwin Gould Foundation For Children reported a surplus of $2.6M with revenue exceeding expenses, holds 123.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Edwin Gould Foundation For Children's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +258.5% | +21.5% | +3.1% |
| 2022 | -13.1% | -6.0% | -18.6% |
| 2021 | +49.8% | +18.0% | +5.2% |
| 2020 | +25.1% | -0.3% | +3.4% |
| 2019 | -20.5% | -9.4% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1934 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Edwin Gould Foundation For Children with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Edwin Gould Foundation For Children allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
The Edwin Gould Foundation For Children consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer categories, which is unusual for an organization with assets exceeding $34 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Edwin Gould Foundation For Children's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization with significant assets may obscure actual leadership compensation structures.
- Historical pattern of expenses exceeding revenue in multiple years (e.g., 2019-2022) suggests reliance on asset drawdowns or investment income to cover operational costs.
Strengths
The following positive indicators were identified for Edwin Gould Foundation For Children:
- Strong asset base ($35,869,402 in 2023) provides financial stability and long-term sustainability.
- Significant revenue growth in 2023 ($6,091,426) indicates improved financial health and capacity.
- Low liabilities relative to assets (e.g., $604,555 liabilities vs. $35,869,402 assets in 2023) demonstrates sound financial management.
- Consistent IRS 990 filing history indicates good compliance and transparency.
Frequently Asked Questions about Edwin Gould Foundation For Children
Is Edwin Gould Foundation For Children a legitimate charity?
Edwin Gould Foundation For Children (EIN: 135675642) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $14.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Edwin Gould Foundation For Children spend its money?
Edwin Gould Foundation For Children directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Edwin Gould Foundation For Children tax-deductible?
Edwin Gould Foundation For Children is registered as a tax-exempt nonprofit (EIN: 135675642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Edwin Gould Foundation For Children CEO make?
Edwin Gould Foundation For Children's highest-compensated officer earns $34 annually. The organization reported $14.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Edwin Gould Foundation For Children's spending goes to programs?
Edwin Gould Foundation For Children directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Edwin Gould Foundation For Children located?
Edwin Gould Foundation For Children is headquartered in New York, New York and files with the IRS under EIN 135675642.
How many years of IRS 990 filings does Edwin Gould Foundation For Children have?
Edwin Gould Foundation For Children has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.7M in total revenue.
How does the Edwin Gould Foundation For Children sustain its operations with historically lower revenues than expenses?
The foundation likely sustains its operations through its substantial asset base, which was $35,869,402 in 2023. Investment income from these assets could cover operational deficits when annual revenues from other sources are insufficient, as seen in years like 2022 where expenses ($2,874,629) exceeded revenue ($1,699,364).
What is the nature of the '0% Officer Comp' reported across all filings?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently on the 990, such as through independent contractor fees, which would require further investigation to fully understand.
What caused the significant revenue increase in 2023?
The provided data does not specify the exact cause of the revenue increase from $1,699,364 in 2022 to $6,091,426 in 2023. This could be due to a large one-time donation, a significant investment gain, or a change in funding strategy.
Filing History
IRS 990 filing history for Edwin Gould Foundation For Children showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edwin Gould Foundation For Children's revenue has grown by 358.4%, moving from $1.3M to $6.1M. Total assets decreased by 1.4% over the same period, from $36.4M to $35.9M. Total functional expenses fell by 4.7%, from $3.7M to $3.5M. In its most recent filing year (2023), Edwin Gould Foundation For Children reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $605K in liabilities against $35.9M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $35.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $3.5M | $35.9M | $605K | — | — |
| 2022 | $1.7M | $2.9M | $34.8M | $486K | — | View 990 |
| 2021 | $2.0M | $3.1M | $42.7M | $516K | — | View 990 |
| 2020 | $1.3M | $2.6M | $40.6M | $382K | — | — |
| 2019 | $1.0M | $2.6M | $39.3M | $457K | — | — |
| 2015 | $1.3M | $2.9M | $37.9M | $318K | — | View 990 |
| 2014 | $1.7M | $2.8M | $41.4M | $229K | — | View 990 |
| 2013 | $1.2M | $2.6M | $42.4M | $208K | — | View 990 |
| 2012 | $-1,099,300 | $3.5M | $40.6M | $328K | — | View 990 |
| 2011 | $1.3M | $3.7M | $36.4M | $173K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $3.5M, and assets of $35.9M (revenue +258.5% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.9M, and assets of $34.8M (revenue -13.1% year-over-year).
- 2021: Revenue of $2.0M, expenses of $3.1M, and assets of $42.7M (revenue +49.8% year-over-year).
- 2020: Revenue of $1.3M, expenses of $2.6M, and assets of $40.6M (revenue +25.1% year-over-year).
- 2019: Revenue of $1.0M, expenses of $2.6M, and assets of $39.3M (revenue -20.5% year-over-year).
- 2015: Revenue of $1.3M, expenses of $2.9M, and assets of $37.9M (revenue -20.9% year-over-year).
- 2014: Revenue of $1.7M, expenses of $2.8M, and assets of $41.4M (revenue +35.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $2.6M, and assets of $42.4M.
- 2012: Revenue of $-1,099,300, expenses of $3.5M, and assets of $40.6M (revenue -182.7% year-over-year).
- 2011: Revenue of $1.3M, expenses of $3.7M, and assets of $36.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edwin Gould Foundation For Children:
Data Sources and Methodology
This transparency report for Edwin Gould Foundation For Children is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.